Sarveshwar Mehrotra (Practising Lawyer) 10 April 2009
Dear All, Kindly provide me if any one could provide the file or any link to the Government order relating to Agriculture Credit Loan Waiver 2007-08 or 08-09 though I am trying but still if some one helps then it's easy for me . Thanking you in advance.
A V Vishal (Advocate) 11 April 2009
A V Vishal (Advocate) 11 April 2009
RBI / 2007-2008/ 330
RPCD.No.PLFS.BC.72 /05.04.02/2007-08
May 23, 2008
The Chairman/Managing Director
All Scheduled Commercial Banks (including Local Area Banks)
Dear Sir,
Union Budget – 2008-09 – Agricultural Debt Waiver and Debt Relief Scheme, 2008
As you are aware, the Hon’ble Finance Minister, in his Budget Speech (paragraph 73) for 2008-09 has announced a debt waiver and debt relief Scheme for farmers, for implementation by all scheduled commercial banks, besides RRBs and co-operative credit institutions.
2. The detailed Scheme notified by the Government of India along with necessary explanations is enclosed. The scheduled commercial banks (including Local Area Banks) may take necessary action towards implementation of the Scheme at the earliest. The implementation of the Debt Waiver and Debt Relief Scheme should be completed by
3. Further communication in respect of this Scheme would follow.
4. In case of RRBs and co-operatives, a separate circular is being issued by NABARD.
Yours faithfully,
(G.Srinivasan)
Chief General Manager – in – Charge
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